News stories about Seagate Technology (NASDAQ:STX) have been trending somewhat positive on Wednesday, Accern reports. Accern scores the sentiment of media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Seagate Technology earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave news articles about the data storage provider an impact score of 45.0703687420025 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- Seagate Technology plc (NASDAQ:STX) – Hot Stock’s Watch List – Nasdaq Journal (nasdaqjournal.com)
- Stock Picks: STX and RRC (hacked.com)
- These Are Western Digital’s Key Growth Drivers in Fiscal 2018 (finance.yahoo.com)
- After Mario Draghi's QE high wire act, traders focus on Trump's tariff signing today (finance.yahoo.com)
- Don’t Buy Bitcoin, But Consider Nvidia and Seagate Technology (finance.yahoo.com)
Seagate Technology (STX) traded up $0.25 during trading hours on Wednesday, reaching $59.93. 4,136,139 shares of the company’s stock were exchanged, compared to its average volume of 5,096,629. The company has a current ratio of 1.58, a quick ratio of 1.25 and a debt-to-equity ratio of 4.07. The stock has a market cap of $17,230.00, a PE ratio of 27.37, a P/E/G ratio of 0.79 and a beta of 1.84. Seagate Technology has a one year low of $30.60 and a one year high of $61.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 4th. Investors of record on Wednesday, March 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, March 20th. This represents a $2.52 annualized dividend and a yield of 4.20%. Seagate Technology’s dividend payout ratio (DPR) is 115.07%.
STX has been the subject of several research analyst reports. TheStreet upgraded Seagate Technology from a “c+” rating to a “b-” rating in a research report on Tuesday, January 9th. Zacks Investment Research cut Seagate Technology from a “buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. BidaskClub upgraded Seagate Technology from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 8th. Loop Capital restated a “buy” rating and issued a $55.00 price target on shares of Seagate Technology in a research note on Tuesday, January 9th. They noted that the move was a valuation call. Finally, Wells Fargo & Co initiated coverage on Seagate Technology in a research report on Tuesday, November 14th. They set a “market perform” rating and a $38.00 target price on the stock. Four investment analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating, six have given a buy rating and two have given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $50.60.
In related news, insider Philip G. Brace sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 9th. The shares were sold at an average price of $46.44, for a total transaction of $557,280.00. Following the completion of the sale, the insider now directly owns 27,069 shares in the company, valued at $1,257,084.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Chong Sup Park sold 4,026 shares of the company’s stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $54.22, for a total transaction of $218,289.72. Following the completion of the sale, the director now owns 8,715 shares of the company’s stock, valued at approximately $472,527.30. The disclosure for this sale can be found here. Insiders sold 810,048 shares of company stock worth $43,459,301 in the last 90 days. 0.87% of the stock is owned by company insiders.
Seagate Technology Company Profile
Seagate Technology public limited company is a provider of electronic data storage technology and solutions. The Company’s principal products are hard disk drives (HDDs). In addition to HDDs, it produces a range of electronic data storage products, including solid state hybrid drives, solid state drives, peripheral component interconnect express (PCIe) cards and serial advanced technology architecture (SATA) controllers.
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